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More and more people coming to the board! The closer we get to January, the more press SCRC will get. This is good for us! Keep bringing the people over in droves and we will have a historic run-up.
As for the notion that SCRC is a scam, such claims are plainly false. The company has a real product and they are in real negotiations with a distributor to distribute Rapimeds. If the China deal is signed, the stock will go very high. I agree that the company fundraising could be handled better, but the CEO is betting he will have a distribution contract signed within the next 45 days. If that happens (and I believe it will), shareholders will be handsomely rewarded with a major spike in share price.
Right now the battle is on: many want into this stock at cheap prices before the China ramp-up. When January rolls around, the sheer anticipation of the China deal will become a catalyst for the stock. Everyone wants into a stock at the bottom (if they're going long); right now the "X" factor is where the bottom will be before we move up. No one really knows, but every single trader/investor will have to make their educated guess and trade accordingly.
Cheers all
Welcome to IHUB!
I remember my first one too. It was quite a ride.
Suit yourself. SCRC will have a great run in the near future. The only question is when it will run. We will find out soon enough. I think we have found the bottom, or are very near it.
Go SCRC
Cheers all
Different than before, the current seller of convertibles looks to be a disciplined seller, not throwing all his shares on the market at once, but slowly unloading them so as not to drop the price too far. It looks like he will fill any buy order in the .14's. For those looking to enter, put in a buy order and make him sell to you. If it is in the .14's, he will sell to you. When his selling is finished (my guess is he is within a couple hundred thousands shares of being out of shares), then we move up. Cheers all.
When the selling is done, then we run-up into the 20's and 30's prior to the news. It is possible the sellers unloaded everything yesterday; then today we start running up. Time will tell.
Sorry to hear that. One of the things the CEO said was he expected (keep in mind this is only his opinion) the deal would be finalized and signed shortly after the New Year, sometime in early January. He said this a few weeks ago when I spoke with him.
I thought the price/share would be much lower than it is today (some of you are aware of what I thought it would be dropped to by now...), but nearly all the shares to be sold have been consumed. There are way more buyers here than I anticipated, and the buyers are coming out of the woodwork. If there are really this many interested persons in SCRC, then between now and the signing of the deal we are going to have a banner run-up and an even greater pop when the news hits that the deal has been signed. We will know more in the next 3-6 weeks; this is all my opinion.
Cheers all
If anyone has fundamental questions about the company, call Bob Schneiderman. I had many of the questions some of you are asking, and many more of a different nature, and he answered them forthrightly and truthfully. That is all you can ask. You may not like his answers, but where he is allowed to speak he will provide you the truth. After speaking with him and verifying what he told me, I decided to enter SCRC at these prices.
Robert Schneiderman
1-800-957-7622 ext. 101
bob@scripsamerica.com
Corporate Office Centre Tysons II
1650 Tysons Boulevard, Suite 1580
Tysons Corner, VA 22102
Jeff Andrews
1-800-957-7622 ext. 102
jeff@scripsamerica.com
Corporate Office Centre Tysons II
1650 Tysons Boulevard, Suite 1580
Tysons Corner, VA 22102
Here comes the selling I was referring to. Lock and load folks. In stocks like this there is a tipping point when the sellers lose patience and start selling into the hands of the buyers. This is the time to buy! Because once they are finished, we move up. Buy them at these prices (and lower if they go lower) and you'll be thankful you did. It was just a matter of time before they sold into the hands of those waiting. My guess is the next one week will be a great time to buy and after that we move up. GLTAL.
Cheers all
FWIW, I have tried buying more shares (just a small lot of 5000) and each time I try they move the ask up. This may be an indication that they are close to finished selling shares. Time will tell.
Cheers all.
Bsav,
I broke down and picked up 100,000 at .1411. This is my entry point. If it goes down farther I'll load up a bunch more. I'm going to cap my holdings here at 500,000 shares. If it goes up from here, then I will leave my holdings at 100,000.
Time will tell if I am correct in the price drop; if I am not, then we all benefit. I want retail investors to make money, period. I write what I write to protect them, not to hinder them.
I guess you can say that I am on the team now, since it is you who brought me here. Though I am contributing very few shares to the team at this point.
Cheers all.
(now I'm done posting...)
I will fall silent here. Sorry I spoke up. Time will tell if my advice was sage/savvy or scum. Millions of shares will be sold between now and early January. If you want them cheap, then set your buy order in way down below and they will come down to you to sell. If you want to make less money, then hit the ask. The former takes patience and discipline as a trader/investor; the latter will make you less money and ensure that your account goes down as the share price goes down. Those selling shares have more shares than the board members here have money...remember that.
Cheers all. Happy end-of-year investing
Bsav,
One thing I have learned is that retail traders have to work together to get shares at a cheap price. There is a fundamental misunderstanding among retail investors, that the misunderstanding is this: that we are each other's enemy. We are not. The "enemy" is financeers who make tons of money no matter what and the other enemy is the company selling shares. I am very much "for" the retail investors here, which I why I am encouraging them to buy cheap. The longer a stock stays in existence, the more shares there are and the lower the highs are. Therefore, seeing previous highs will probably not be a possibility. The way to make money in these stocks, then, is to keep buying the shares cheaper and cheaper as time progresses. The cheapies are no longer .15-19; rather, the cheapies are .08-.13. Hope this helps; I've been burned so many times that I have learned this lesson painfully. I don't want retail investors to lose money, that is all.
Kindly,
Tink
The things which makes me most nervous about SCRC is if they do not get the China deal signed this time, there will be a massive selling out of shares with no bounce in share price. They NEED the deal signed this time. If it is not signed, or delayed in any way, the share price will see record new lows with very little hope of recovery, ever. It will be very close to the death blow to the company. This is why I refuse to get in at today's prices...the market cap has already priced in the China deal. 11 million dollars for a company which doesn't have revenues and cannot stand on it's own at this point. That is a lot of market cap for nothing. Very risky at these prices.
It sure will. It will be at least 6 weeks until any deal is signed, if any is signed at all. Stocks like this leak downward in the absence of news, and no amount of buying can stop it. You just have to go with the flow. I'm guessing we see .09-.11 prices in the very near future. Save some ammo and buy them when they get that cheap. Whatever you do, don't hit the ask anytime in the next few weeks. Let them sell to you and you will be surprised at how many shares you will be able to pick up at bargain prices.
Cheers all.
Put in your buy orders and let them come to you. They will come all the way down to you. Dilution and tax-sellers...they will come all the way down. Load up down there and thank me later. Unless you have 2 million dollars you will not outlast them; they will sell right through you all the way down. Play the game or get played.
Cheers all.
Here comes the downtrend. We will see how low it goes.
For those who wonder why I have been watching for a low entry point, I called the CEO a few weeks ago. He was enjoyable to talk to and very straightforward. The conversation was a delight. The whole conversation went well and was positive until I asked whether the company planned to dilute in the near future to acquire enough cash to "ramp up" for additional manufacturing of product. For the first time the phone got real quiet. His answer was fair and honest and included dilution. I am trying to provide realistic expectations on the board: There WILL be dilution, and soon. The company NEEDS to sell many shares in order to afford the manufacturing cost associated with the China deal. All that said, don't be surprised if sometime in late January we get news the China deal is signed and then millions of shares flood the market (dilution) from out of nowhere and the price rises very little, if at all.
SCRC is likely not a short-term play, but a long-term play (12-18 months), and only if the China deal is signed. I still have my reservations about it being signed (it is very possible it won't be signed); any delays will cut the share price in half from today's levels. I am not bashing, but realize many on this board who have been pumping (and there are plenty of pumpers here) will call me a basher. Truth be told, take an honest look at the current market cap...quite high for a company which can only keep it's doors open by selling shares (dilution). The reality is this: SCRC has a LONG way to go before it can even justify it's current market cap, and the most recent pump and dump of 5 months ago will prevent many savvy investors from investing here. If you're here to ride another pump and dump, good luck. You missed out.
GLTA
Two more weeks and the tax-selling season will be over. Put your orders in down low and see if they get filled. My guess is we will see a couple more low points in the stock price before year's end.
Cheers all.
Get ready for a major downtrend! Dividend just cut. Tomorrow's open will be horrible as many retail and institutional investors will jump ship with this news.
Press Release: IAMGOLD preserves balance sheet; suspends dividend
3 minutes ago - DJNF
IAMGOLD preserves balance sheet; suspends dividend
PR Newswire
TORONTO, Dec. 11, 2013
TSX: IMG NYSE: IAG
TORONTO, Dec. 11, 2013 /PRNewswire/ - IAMGOLD Corporation ("IAMGOLD" or the "Company") announced today that it has suspended future dividend payments until further notice.
IAMGOLD's President and CEO, Steve Letwin, said, "While our outlook for gold over the long term is optimistic, in light of the current gold price we are suspending the dividend to preserve our balance sheet. We are on target to reduce costs by $100 million this year and will continue to look for further reductions next year. This decision to suspend the dividend allows us to conserve cash and ensure we maintain the flexibility we need to take advantage of opportunities when they arise."
The Company continues to maintain $750 million in undrawn unsecured credit facilities.
About IAMGOLD
Whether we like it or not, the price is going to plummet from here for a while for three reasons:
1. Tax selling. Some people have lost a LOT of money on this stock. Between now and the end of the year, they will be selling their shares so the trade settles in this tax year.
2. Lack of information from Ariad. They are horrible at giving investors information.
3. No good news to report. There really is no good news to report right now, and probably will not be until February/March.
This could get painful!
I agree. Now is the time to sit back and let the share price come to you. December is a long, depressing month when people need money. Shares go on sale. January and February should be better if the deal is signed. However, if the deal is not signed, and it might not be, or if it is delayed again, then we will see .08 and .07 prices. Much risk here at the current price level.
Cheers all
Hi Smitter!
I broke down and put my first buy order in around the .11 level. If it gets filled then I'll be in. The current market cap of 11million seems a bit too high to me without the China deal signed. If the China deal is signed (and I mean IF; it has been "delayed" now for four months...something is up with that), the company will need to raise major capital to meet demand. That capital will be raised by selling shares, and it will hurt for a while.
The price has been steadily falling, and by year end, with tax selling at its peak, and maybe some more dilution, we should see some attractive price levels to buy in at. These price levels are a bit too high for the stock. Early October levels should be here soon. GLTA here.
Cheers
Thanks rum. Much appreciated. For now, I will look forward to a word from ARIA on the way forward, updating us where they are. Such word should help solidify investor interest.
Cheers all
What do you mean, "Good luck"? I am trying to find out whether or not Ariad had a meeting with the FDA today. If anyone knows I would appreciate you informing me.
Is today the day Ariad meets with the FDA? I recall reading that somewhere but want verification. TIA
Ariad is in a great position as a company, and the stock is in an even greater position right now. The stock is currently undervalued due to all the fear surrounding it. What we will see in the near future (beginning today, IMO) is as fear subsides, the stock price starts slowly creeping up. If your investment horizon extends out to at least 2-3 months, then ARIA is a great place to be as the price might rise 30-40% in that time, and possibly double within 6 months. JMHO. GLTAL.
Cheers all
I think you are on to something. But be careful; those are fighting words.
Some people here are WAY underwater, having purchase the stock in the .60's, .70's, .80's, and .90's. You can most certainly bet they will be selling sometime between now and three trading days (so the sales settle before year end) before year end so they can claim the loss on their taxes. I intend to buy then. Should see prices drop significantly from here. We will know more in 2 weeks.
Cheers.
Yes...if Ariad sends out a Press Release with any sort of good news, it might happen. If we get above $5.10, shorts will start covering en masse. This alone would run us up to $6.00.
After catching up on my reading this morning, I am now a long-term long. I planned to sell quickly out of this stock, but I see the very high possibility it might return to previous levels (high teens, lower 20's) in a timely fashion (within 6 months). GLTAL.
Cheers all.
Yes. I am still waiting down around .10-.12. When prices get that low I will be a buyer and then a waiter. I think we will be down there within the next 2-3 weeks.
Cheers all.
Someone is throwing massive dollars into this thing, loading up a ton of shares.
Anyone else watching this. There are massive amounts of shares sitting on the ask, and the amount changes every few seconds. Even if no shares are bought or sold, the amount will change by 10,000 shares every few seconds. It's almost like someone is trying to scare people into selling by flashing large amounts in differing quantities. Interesting is all. I have no idea what is means.
Cheers all.
Ariad's hard assets alone are worth about a billion. Couple those with revenues and drugs in the pipeline and $6.00 a share seems very conservative here. I think the stock price will double from here in the next 6 months. Too many people panicky and dramatic. Either sell and walk away or settle down, buy in and wait. That is my take on it. JMO.
If that is the extent of the bear run, then it is a good sign for ARIA longs. I thought it would take us down to $3.60, but we never even broke $4.10.
Patience will pay here. Load up and wait. It won't be that long and investors here will be singing again.
Cheers all.
I am buying a few thousand shares with every 50 cent drop, averaging down. There will be a major share price pop and turnaround at some point in the future. Getting ready to capitalize on it is all any of us can do. GLTAL.
Cheers all.
Loading up at these prices. Buy when there is much fear. January will be a banner month for the stock price leading up to the Markman hearing. The nay-saying about the House Bill is just hot air. It will not act retrospectively but, if it even goes through, will prevent future patent troll companies from getting off the ground in the future. BCYP does not fit that bill.
Maybe so, but it is hard to believe major institutions would spend the last 2 weeks gobbling up 10's of millions of shares if they didn't think ARIA had a great future. Today's volume was tiny compared to the massive buying volume going on more recently. I don't see any reason why one down day where shorts did all they could to bring down the price should discourage longs. With the massive potential of ARIA, I would not want to be short right now. The shorts already had their hay-day from 25 down to 2.20. Shorting is a whole lot riskier now than it was back then.
GLTAL.
If anyone here was short, I hope you covered in the past hour. By next week Tuesday the stock will be in a much different price range than today!
Another buying opportunity looks to be here. Eat your heart out before the next run up!